Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q1 2025 Earnings Presentation
13 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Apr 30, 2025
Slide 1: Enhancing Our Core, Expanding Our Reach
Enhancing Our Core, Expanding Our Reach 1Q 2025 SUPPLEMENTAL INFORMATION APRIL 30, 2025
Slide 2: Safe Harbor and Non-GAAP Financial Measures
Safe Harbor and Non-GAAP Financial Measures This presentation contains forward-looking statements. Statements that are not historical fact, including statements about Vulcan's beliefs and expectations, are forward-looking statements. Generally, these statements relate to future financial performance
Slide 3: 1Q 2025 Highlights
1Q 2025 Highlights Aggregates-led business delivers strong earnings and margin expansion Vulcan Way of Aggregates is a Pricing gains and Consistent Financial strength Selling and Vulcan price/cost winner unit profitability execution delivers and flexibility to Way of Operating through the cycle impr
Slide 4: 1Q 2025 Key Performance Indicators – Aggregates
1Q 2025 Key Performance Indicators – Aggregates Widespread improvement in unit profitability Volume 47.8M tons, -1% Freight-Adjusted Price Cash Gross Profit* $22.03/ton, +7% $10.63/ton, +20% Cash Cost of Sales* $11.40/ton, -3% *Non-GAAP measure. See appendix for reconciliation. 4
Slide 5: Aggregates Pricing
Aggregates Pricing Commercial execution drives attractive compounding growth Trailing-Twelve Months Freight-Adjusted Price $21.39 $21.08 $20.57 $20.04 $19.42 $19.02 $18.47 $17.78 $17.11 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 5
Slide 6: 1Q 2025 Key Performance Indicators – Downstream
1Q 2025 Key Performance Indicators – Downstream Double-digit cash unit profitability improvement in Asphalt and Concrete Asphalt Volume 2.2M tons, +4% Cash Gross • Widespread pricing growth continues to support Profit* strong gross profit margins $7.54/ton, Average Sales Price • Eight consecutive qu
Slide 7: Capital Allocation Priorities
Capital Allocation Priorities Strong cash generation coupled with disciplined capital management drives shareholder value Invested in Deployed capital Returned capital Returned capital maintenance and for strategic to shareholders to shareholders growth capital, acquisitions in through dividends thr
Slide 8: 2025 Outlook
2025 Outlook First quarter results reinforce full-year outlook Adjusted EBITDA* Continued execution of $2.35 to $2.55 our strategic disciplines billion will drive another year of strong earnings growth +19% at the midpoint versus 2024 *Non-GAAP measure. See appendix for reconciliation. 8
Slide 9: Serving the Right U.S. Markets
Serving the Right U.S. Markets Well positioned to capture market opportunities 60% 90% Population living Revenues tied to within 50 miles of markets where Vulcan operation Vulcan has a #1 or #2 position 35 of top 50 67% Fastest growing markets served by Of Infrastructure Vulcan operations Investment
Slide 10: Competing and Winning, Locally
Competing and Winning, Locally Strengthening existing capabilities to drive the next horizon of growth and profitability Aggregates Price Growth* 2017 = 100 VMC Peer Average VMC +63% Industry +52% Peers +46% 2017 2018 2019 2020 2021 2022 2023 2024 Aggregates Cash Gross Profit / Ton** VMC $10.61 +77%
Slide 11: Well Positioned for Continued Growth and Value Creation
Well Positioned for Continued Growth and Value Creation Durable Business Industry Leader with Strong Cash Flow Model to Extend the Clear Competitive Generation and Cycle and Sustain Advantages Investment-Grade Growth Balance Sheet 11
Slide 12: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence 12
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations EBITDA Aggregates Segment Cash Gross Profit and Cash Cost of Sales EBITDA is an acronym for "Earnings Before Interest, Taxes, Depreciation and Amortization". Generally Accepted Accounting Principles (GAAP) does not define EBITDA and it Aggregates segment cash gross profit ad
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